6 ways start-ups reduce their profit margins

Every start-up begins with a bright idea. But even with a steady stream of clients, some start-ups might still flop. Sounds like a head scratcher? Here is how that happens.

For most start-ups and small businesses, every coin counts. Sometimes, businesses spend money on unnecessary things or overspend on the things that don’t give back value. And over a long period of time, overspending will cost the business significant profits, and in extreme cases, the business will be forced to close. So what are common pitfalls that tank otherwise great businesses?